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picture News November, 25 2017
image: focus Round Table Meeting focus Round Table Meeting Thursday, October 16th, focus Round Table Meeting gathered at the newly and fully renovated Restaurant Merineitsi in Tallinn's legendary Original Sokos Hotel Viru.

Daniel Bergvall gave an overview of SEB's Eastern European and Nordic Outlooks, and Karsten Staehr took a look at "Easy Growth" - the growth performance in Central and Eastern EU countries when considering the impact of capital flows and convergence growth effects.

Daniel Bergvall is an Economist at SEB Economic Research in Stockholm and he has since quite some years by now, presented SEB's Eastern European and Nordic Outlooks to SCCE's members and partners.

Karsten Staehr is Professor of International and Public Finance at Tallinn University of Technology and also a part-time Research Supervisor at Eesti Pank. Karsten also contributes to the focus magazine with his comments on the Nobel Prize in Economy.

Greater downside risks and an unsynchronized normalization

- There are indeed greater downside risks and an unsynchronized normalization in the global economic recovery this autumn. As for growth in the Baltic countries, Latvia and Lithuania, EU's previously fastest-growing members, are slowing down, while growth in highly export-sensitive Estonia is fragile, said Daniel Bergvall.

"Easy Growth"

- Some time ago, I got the idea to assess the importance of capital inflows and convergence effects on the economic growth performance in the Central and Eastern European EU countries. What I am about to show is that these countries, when their GDP figures are adjusted for capital inflows and convergence effects, have benefited from "Easy Growth", said Karsten Staehr and added that all viewpoints in his presentation represent his personal opinions and findings.

A full report from the meeting will follow in the coming autumn/winter issue of focus - the magazine of the Swedish Chamber of Commerce in Estonia.

On behalf of the SCCE Council, I would like to thank Daniel Bergvall and Karsten Staehr for their presentations. My thanks also go to the team at Original Sokos Hotel Viru, and Sokos Hotel's Laime Riisimäe who also took us on a tour in the newly opened Solo Sokos Hotel Estoria, located next to the Original Sokos Hotel Viru.

Sincerely,

Kristiina Sikk
SCCE Ombudsman

 



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